Capitalism without Capital

Capitalism without Capital PDF Author: Jonathan Haskel
Publisher: Princeton University Press
ISBN: 0691183295
Category : Business & Economics
Languages : en
Pages : 292

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Book Description
Early in the twenty-first century, a quiet revolution occurred. For the first time, the major developed economies began to invest more in intangible assets, like design, branding, and software, than in tangible assets, like machinery, buildings, and computers. For all sorts of businesses, the ability to deploy assets that one can neither see nor touch is increasingly the main source of long-term success. But this is not just a familiar story of the so-called new economy. Capitalism without Capital shows that the growing importance of intangible assets has also played a role in some of the larger economic changes of the past decade, including the growth in economic inequality and the stagnation of productivity. Jonathan Haskel and Stian Westlake explore the unusual economic characteristics of intangible investment and discuss how an economy rich in intangibles is fundamentally different from one based on tangibles. Capitalism without Capital concludes by outlining how managers, investors, and policymakers can exploit the characteristics of an intangible age to grow their businesses, portfolios, and economies.

Capitalism without Capital

Capitalism without Capital PDF Author: Jonathan Haskel
Publisher: Princeton University Press
ISBN: 0691183295
Category : Business & Economics
Languages : en
Pages : 292

Get Book Here

Book Description
Early in the twenty-first century, a quiet revolution occurred. For the first time, the major developed economies began to invest more in intangible assets, like design, branding, and software, than in tangible assets, like machinery, buildings, and computers. For all sorts of businesses, the ability to deploy assets that one can neither see nor touch is increasingly the main source of long-term success. But this is not just a familiar story of the so-called new economy. Capitalism without Capital shows that the growing importance of intangible assets has also played a role in some of the larger economic changes of the past decade, including the growth in economic inequality and the stagnation of productivity. Jonathan Haskel and Stian Westlake explore the unusual economic characteristics of intangible investment and discuss how an economy rich in intangibles is fundamentally different from one based on tangibles. Capitalism without Capital concludes by outlining how managers, investors, and policymakers can exploit the characteristics of an intangible age to grow their businesses, portfolios, and economies.

Alexander Hamilton's Famous Report on Manufactures

Alexander Hamilton's Famous Report on Manufactures PDF Author: United States. Department of the Treasury
Publisher:
ISBN:
Category : Manufactures
Languages : en
Pages : 100

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Book Description


Capital in the Twenty-First Century

Capital in the Twenty-First Century PDF Author: Thomas Piketty
Publisher: Harvard University Press
ISBN: 0674979850
Category : Business & Economics
Languages : en
Pages : 817

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Book Description
What are the grand dynamics that drive the accumulation and distribution of capital? Questions about the long-term evolution of inequality, the concentration of wealth, and the prospects for economic growth lie at the heart of political economy. But satisfactory answers have been hard to find for lack of adequate data and clear guiding theories. In this work the author analyzes a unique collection of data from twenty countries, ranging as far back as the eighteenth century, to uncover key economic and social patterns. His findings transform debate and set the agenda for the next generation of thought about wealth and inequality. He shows that modern economic growth and the diffusion of knowledge have allowed us to avoid inequalities on the apocalyptic scale predicted by Karl Marx. But we have not modified the deep structures of capital and inequality as much as we thought in the optimistic decades following World War II. The main driver of inequality--the tendency of returns on capital to exceed the rate of economic growth--today threatens to generate extreme inequalities that stir discontent and undermine democratic values if political action is not taken. But economic trends are not acts of God. Political action has curbed dangerous inequalities in the past, the author says, and may do so again. This original work reorients our understanding of economic history and confronts us with sobering lessons for today.

The Changing Wealth of Nations 2018

The Changing Wealth of Nations 2018 PDF Author: Glenn-Marie Lange
Publisher: World Bank Publications
ISBN: 1464810478
Category : Business & Economics
Languages : en
Pages : 293

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Book Description
Countries regularly track gross domestic product (GDP) as an indicator of their economicprogress, but not wealth—the assets such as infrastructure, forests, minerals, and humancapital that produce GDP. In contrast, corporations routinely report on both their income andassets to assess their economic health and prospects for the future. Wealth accounts allowcountries to take stock of their assets to monitor the sustainability of development, an urgentconcern today for all countries.The Changing Wealth of Nations 2018: Building a Sustainable Future covers national wealthfor 141 countries over 20 years (1995–2014) as the sum of produced capital, 19 types ofnatural capital, net foreign assets, and human capital overall as well as by gender and type ofemployment. Great progress has been made in estimating wealth since the fi rst volume, WhereIs the Wealth of Nations? Measuring Capital for the 21st Century, was published in 2006. Newdata substantially improve estimates of natural capital, and, for the fi rst time, human capital ismeasured by using household surveys to estimate lifetime earnings.The Changing Wealth of Nations 2018 begins with a review of global and regional trends inwealth over the past two decades and provides examples of how wealth accounts can be usedfor the analysis of development patterns. Several chapters discuss the new work on humancapital and its application in development policy. The book then tackles elements of naturalcapital that are not yet fully incorporated in the wealth accounts: air pollution, marine fi sheries,and ecosystems.This book targets policy makers but will engage anyone committed to building a sustainablefuture for the planet.

A Country is Not a Company

A Country is Not a Company PDF Author: Paul R. Krugman
Publisher: Harvard Business Press
ISBN: 1422133400
Category : Business & Economics
Languages : en
Pages : 64

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Book Description
Nobel-Prize-winning economist Paul Krugman argues that business leaders need to understand the differences between economic policy on the national and international scale and business strategy on the organizational scale. Economists deal with the closed system of a national economy, whereas executives live in the open-system world of business. Moreover, economists know that an economy must be run on the basis of general principles, but businesspeople are forever in search of the particular brilliant strategy. Krugman's article serves to elucidate the world of economics for businesspeople who are so close to it and yet are continually frustrated by what they see. Since 1922, Harvard Business Review has been a leading source of breakthrough management ideas-many of which still speak to and influence us today. The Harvard Business Review Classics series now offers readers the opportunity to make these seminal pieces a part of your permanent management library. Each highly readable volume contains a groundbreaking idea that continues to shape best practices and inspire countless managers around the world-and will have a direct impact on you today and for years to come.

Halls Island: United States Rifle Factory and the Shenandoah Riverfront, September 2010

Halls Island: United States Rifle Factory and the Shenandoah Riverfront, September 2010 PDF Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 310

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Book Description


Communication and Conflict

Communication and Conflict PDF Author: Jörg Becker
Publisher: Concept Publishing Company
ISBN: 9788180691720
Category : Communication
Languages : en
Pages : 384

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Book Description
Papers presented at various conferences and articles; some previously published.

Financier

Financier PDF Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 786

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Book Description


Fossil Capital

Fossil Capital PDF Author: Andreas Malm
Publisher: Verso Books
ISBN: 1784781312
Category : Political Science
Languages : en
Pages : 678

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Book Description
How capitalism first promoted fossil fuels with the rise of steam power The more we know about the catastrophic implications of climate change, the more fossil fuels we burn. How did we end up in this mess? In this masterful new history, Andreas Malm claims it all began in Britain with the rise of steam power. But why did manufacturers turn from traditional sources of power, notably water mills, to an engine fired by coal? Contrary to established views, steam offered neither cheaper nor more abundant energy—but rather superior control of subordinate labour. Animated by fossil fuels, capital could concentrate production at the most profitable sites and during the most convenient hours, as it continues to do today. Sweeping from nineteenth-century Manchester to the emissions explosion in China, from the original triumph of coal to the stalled shift to renewables, this study hones in on the burning heart of capital and demonstrates, in unprecedented depth, that turning down the heat will mean a radical overthrow of the current economic order.

Measuring Capital in the New Economy

Measuring Capital in the New Economy PDF Author: Carol Corrado
Publisher: University of Chicago Press
ISBN: 0226116174
Category : Business & Economics
Languages : en
Pages : 602

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Book Description
As the accelerated technological advances of the past two decades continue to reshape the United States' economy, intangible assets and high-technology investments are taking larger roles. These developments have raised a number of concerns, such as: how do we measure intangible assets? Are we accurately appraising newer, high-technology capital? The answers to these questions have broad implications for the assessment of the economy's growth over the long term, for the pace of technological advancement in the economy, and for estimates of the nation's wealth. In Measuring Capital in the New Economy, Carol Corrado, John Haltiwanger, Daniel Sichel, and a host of distinguished collaborators offer new approaches for measuring capital in an economy that is increasingly dominated by high-technology capital and intangible assets. As the contributors show, high-tech capital and intangible assets affect the economy in ways that are notoriously difficult to appraise. In this detailed and thorough analysis of the problem and its solutions, the contributors study the nature of these relationships and provide guidance as to what factors should be included in calculations of different types of capital for economists, policymakers, and the financial and accounting communities alike.